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BlackRock MuniYield Michigan Quality Fund
MIY

43 hedge funds and large institutions have $50.1M invested in BlackRock MuniYield Michigan Quality Fund in 2018 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 7 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

171% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 7

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

10% more capital invested

Capital invested by funds: $45.7M → $50.1M (+$4.45M)

2% more funds holding

Funds holding: 42 → 43 (+1)

1.32% more ownership

Funds ownership: 11.65% → 12.97% (+1.3%)

Holders
43
Holders Change
+1
Holders Change %
+2.38%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
19
Reduced
7
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$1.19M
2
CRC
Curi RMB Capital
Illinois
+$936K
3
Wells Fargo
Wells Fargo
California
+$911K
4
RCM
Robinson Capital Management
Michigan
+$737K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$472K

Top Sellers

Rank Fund Capital Flow
1
SPC
Sigma Planning Corp
Michigan
-$230K
2
Comerica Bank
Comerica Bank
Texas
-$181K
3
IIC
Integrated Investment Consultants
Michigan
-$133K
4
KIM
Karpus Investment Management
New York
-$126K
5
SWP
Stratos Wealth Partners
Ohio
-$52K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
AQR Arbitrage
Connecticut
$206K +$63.2K +4,819 +44%
IA
27
IFP Advisors
Florida
$174K +$34.1K +2,600 +24%
AIM
28
Arcadia Investment Management
Michigan
$166K – – –
AWA
29
Acorn Wealth Advisors
Michigan
$162K +$315 +24 +0.2%
RJFSA
30
Raymond James Financial Services Advisors
Florida
$153K -$4.11K -313 -3%
LPIC
31
LeJeune Puetz Investment Counsel
Michigan
$151K – – –
BAM
32
Barrett Asset Management
New York
$101K – – –
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$87K – – –
Fifth Third Bancorp
34
Fifth Third Bancorp
Ohio
$55K -$10.2K -780 -16%
Carson Wealth (CWM LLC)
35
Carson Wealth (CWM LLC)
Nebraska
$38K +$24.6K +1,872 +187%
AG
36
Advisor Group
Arizona
$25K -$37.6K -2,864 -60%
RFM
37
Royal Fund Management
Florida
$22K – – –
ASN
38
Advisory Services Network
Georgia
$20K +$341 +26 +2%
PMFA
39
Plante Moran Financial Advisors
Michigan
$10K – – –
STA
40
Summit Trail Advisors
New York
$8K +$8.16K +622 New
Northern Trust
41
Northern Trust
Illinois
$3K – – –
FIA
42
FNY Investment Advisers
New York
$1K +$1.18K +90 New
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$1K +$1.31K +100 New
SPC
44
Sigma Planning Corp
Michigan
– -$230K -17,295 Closed
Comerica Bank
45
Comerica Bank
Texas
– -$181K -13,840 Closed
IIC
46
Integrated Investment Consultants
Michigan
– -$133K -10,000 Closed
SWP
47
Stratos Wealth Partners
Ohio
– -$52K -3,923 Closed
APA
48
American Portfolios Advisors
New York
– -$18.3K -1,379 Closed
1
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MIY Hedge Fund Activity: Q2 2018 in Review

43 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2018, worth a combined $50.1M — up 9.7% from $45.7M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new MIY positions and 5 closed out — a net gain of 1 holder — while 19 added to existing stakes and 7 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.19M. The largest seller was Sigma Planning Corp, exiting entirely with an estimated $230K sold.

  • 43 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2018, up from 42 in Q1 2018.
  • Funds reported $50.1M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2018, up 9.7% quarter-over-quarter.
  • 6 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2018 and 5 closed out, a net change of +1 holder.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2018 was Laurion Capital Management, an estimated $1.19M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2018 was Sigma Planning Corp, an estimated $230K sold.

Based on aggregated 13F filings for Q2 2018.